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The Bonk price has surged 27% in the last 24 hours to trade at $0.000001960 as of 7:35 p.m. EST on a 129% surge in trading volume to $253 million.
It comes as meme coin mania returns after the Bitcoin halving was completed, with the sector’s market cap spiking and top names including Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), and Pepe (PEPE) all on a tear.
International DOGE Day was also celebrated on April 20, providing another strong tail wind for meme coins.
Bonk Price Rebounds In The Wake Of Bitcoin Halving Event
Bonk price took a hit after hitting resistance at $0.00004291. Despite efforts from buyers to raise the price, sellers kept pushing it down, reaching the support zone at $0.00001357. This zone has seen steady activity over the past week.
BONKUSDT Analysis. Source: Tradingview.com
Bonk is trading above the 50 Simple Moving Average (SMA), a resistance level for its price. However, if the upward momentum continues to grow, it could encourage buyers to push the price above the 200 SMA, confirming the recent momentum.
The Relative Strength Index (RSI) has been on a gradual uptrend from the 30 oversold level, culminating to a sharp spike above the 50 midline level to 81 in the overbought region.
Bonk Price Prediction: Can Bonk Sustain The Momentum?
Bonk price bulls indicate resilience regrouping at the $0.00001357 support zone, driving the price upwards. Furthermore, the RSI supports the momentum, helping the bulls push the price upwards as they aim to reclaim March 29 at $0.00002937
However, the bears might take advantage of the RSI trading in the overbought region to drive the price downwards in a corrective state. This could force the bulls to retreat to the support zone at $0.00001752, coinciding with the 50 SMA.
SMOG: Is This The Best 100X To Buy Today?
As traders look for opportunities to buy Bonk amid this new momentum, some investors are diversifying their portfolios by adding Solana rival SMOG (SMOG). Experts believe it’s primed for a surge on news that it’s about to list on anther top-tier exchange.
This additional listing would mean more traders can have easy access to participate, potentially leading to a surge in demand.
It’s recent listing on MEXC coincided with the conclusion of Season 1 of an airdrop it vows will be ”the greatest in history.” It gave away $1 million in SMOG tokens in the first part of the airdrop.
Season 2 is now underway, focusing on on-chain and trading actions. This adds another incentive for traders and investors to get involved with SMOG.
#Dragons, prepare yourselves for the imminent debut of $SMOG on an exchange! 💰
Finish all your daily tasks and accumulate as many points as possible before Season 1 concludes! 📊#SmogSwap in Season 2 will prioritize on-chain #Trading! 🔄
Keep an eye out for updates! 📣
— SMOG (@SMOGToken) March 28, 2024
SMOG also offers an attractive staking model that provides a 42% annual percentage yield (APY) and helps earn more points for the airdrop.
“This token could have crazy upside potential,” says YouTube channel 99Bitcoins, with more than 700k subscribers.
Buy SMOG using ETH USDT or a bank card on the official website here and grab a 10% discount while it lasts.
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Smog (SMOG) - Meme Coin With Rewards
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